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“Alberta hog prices were higher in 2022 than in 2021, but year-to-date, average hog prices are lower than the average price for the same period in 2022,” according to government livestock analyst Ann Boyda. “Year-to-date (January to March 10, 2023) average hog price was $1.81/kg, 6% lower than the average price for the same period in 2022. The average price in 2022 was $2.27/kg, which was 10.7% higher than the average price for 2021 and 28.7% higher than the 5-year average.”
According to Statistics Canada, as of January 1, 2023, the total hog inventory for Alberta was 1.53 million head, down 2.5% compared to January 2022. The breeding stock inventory decreased by 3% to 134,800 head over the same period.
Year-to-date slaughter volume for Western Canada was 1,644,938 head for the week ending March 4, up 6.2% from the same period last year. Nationally, slaughter volume year-to-date was 3,736,084 head, down 0.1% from the same period last year. Alberta federal and provincial slaughter is reported to be 394,091 head for the period January to March 4, 2023. This volume is comparable to the slaughter volume for the same period in 2022.
Alberta exported $32.9 million in live hogs in 2022, down 18% from 2021. The value of pork exported in 2022 was $538.5 million, up 4.2% from 2021. The total export volume of hogs (572,768 head) decreased by 5% in 2022 from 2021. The total export volume (143,711 tonnes) also declined in 2022 from 2021 by 3.9%.
January 2023 export value of $2.9 million for live hogs is up 13.1% compared to January 2022, but pork export value of $26.1 million represents a 36.3% drop from January 2022. January 2023 export volume is reported to be 44,496 head of live hogs, an increase of 19.8% over January 2022, and pork export volume of 8,325 tonnes is a drop of 27.4% compared to January 2022.
The major destination markets for Alberta pork remain Japan, the United States, Mexico, South Korea and China. Value of exports to the U.S., Japan, and South Korea rose in 2022 by 28.8%, 2.92% and 33.75%, respectively. Value of exports to Mexico and China declined in 2022 by 11.17% and 66.93%, respectively.
March 20, 2023/ Government of Alberta/ Canada.
https://www.alberta.ca
